ScanSource President John Eldh resigns effective Nov 17; receives $1.5M separation

SCANSOURCE, INC.

President John Eldh resigns effective November 17, 2023; he voluntarily notified company on Sept 22.
Separation agreement provides $1.5M cash lump sum plus pro rata FY2024 bonus and vested equity.
Non-compete for 18 months (major competitors) and 13 months (other firms); non-solicitation and non-disparagement apply.
Separation pay includes a bonus related to the company's cyber insurance claim, referencing a prior cyber incident.

item 5.02 item 9.01

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Departed

John Eldh

President

SCSC · SCANSOURCE, INC.

Effective: 2023-11-17
Filed: September 26, 2023, 7:59 PM ET

On September 22, 2023, John Eldh notified ScanSource, Inc. (the “Company”) of his decision to resign from his role as President of the Company, effective November 17, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

John Eldh resigned as President at SCANSOURCE, INC..

Action: resigned
Role: President

Exact text from the filing

On September 22, 2023, John Eldh notified ScanSource, Inc. (the “Company”) of his decision to resign from his role as President of the Company, effective November 17, 2023.

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SCANSOURCE, INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-242483

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